Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    401 Nj-35 Neptune City, NJ 07753

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    54,500 SF Warehouse - Newly Renovated

    Property Features for 401 Nj-35

    General Information

    Property type
    Land
    Lot Size
    26,877 SF

    We can help!

    Listing Contact
    Ray Smith
    Ray Smith

    Listing Agency: Stafford Smith Realty Listing Agent: Ray Smith

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 54,500-square-foot industrial warehouse, situated on a 2.22-acre lot (96,704 square feet), presents a unique leasing opportunity in North Fargo. Conveniently located near downtown Fargo and boasting easy access to I-29, this single-tenant property underwent a complete renovation in 2024. The building, constructed in 1968 and classified as Class B, features a single story and comprises three spacious warehouse areas of varying sizes. Loading and unloading are facilitated by five dock-high doors, complemented by five additional 14-foot-high overhead doors. Established office and support spaces are integrated within the building's layout, providing ample room for administrative functions. The property also includes valuable yard storage situated in the northwest area, offering additional space for materials or equipment. The zoning is commercial, and the APN is 01-3300-02870-000, located in Cass County. This property is ideal for businesses requiring substantial warehouse space, convenient access to major transportation routes, and modern amenities. The recent renovation ensures a functional and efficient workspace.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Neptune City
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.0318254
    Latitude
    40.2176862

    Nearby Similar for Sale

    • $1,800,000
      16,000 SF

      Income Producing Medical Office Building

      Two-story, 16,000 SF medical/professional office building for sale.
      2040 6Th Ave, Neptune City, NJ 07753
      View Details
    • $1,250,000

      Fully Leased Commercial Strip Center

      Commercial strip center in high-traffic Neptune, NJ, near major routes.
      308 W Sylvania Ave, Neptune City, NJ 07753
      View Details
    • Contact for pricing
      8,583 SF

      Former DaVita Facility in Neptune

      8,583 SF former DaVita facility, ideal for medical use.
      300 W Sylvania Ave, Neptune City, NJ 07753
      View Details
    • $1,800,000

      Income Producing Medical/Professional Office

      Two-story, fully leased medical/professional office building for sale.
      2040 6Th Ave, Neptune City, NJ 07753
      View Details
    • Contact for pricing
      152,993 SF

      Neptune City Warehouse Opportunity

      152,993 SF warehouse/industrial property in Neptune City, New Jersey.
      1930 Heck Ave, Neptune City, NJ
      View Details
    • $725,000

      Upscale Residences Near Jersey Shore

      Two-bedroom condos near the ocean and train station.
      3 5Th Ave, Neptune City, NJ 07753
      View Details
    • Contact for pricing
      770 SF

      Condo with River Views

      Rare condo in Bijou Villa with river views and pool.
      107 Riverview Ave, Neptune City, NJ 07753
      View Details

    FAQs

    What type of property is this?
    Land - 54,500 SF Warehouse - Newly Renovated
    Where is this land located?
    The property is located at 401 Nj-35 Neptune City, NJ.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: 54,500 SF industrial warehouse available for lease.; Single-tenant occupancy.; Located in North Fargo with easy I-29 access.
    (732) 747-1000 Call to check price and availability
    Request Owner's contact information
    401 Nj-35 Neptune City, NJ 07753
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    401 Nj-35
    Neptune City, NJ 07753
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    401 Nj-35 Neptune City, NJ 07753
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ray Smith
    Ray Smith
    Real Estate License ID: CO-8300337
    (732) 747-1000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!